"When considering EUR/USD, the price has decisively broken the structure on the daily time frame. Currently, it is undergoing a pullback towards the origin of the move. In my analysis, once this pullback is complete, it presents a favorable buying opportunity. My target for this trade is 1.120.
Depending on your strategy, you may opt to wait for the completion of the pullback and the formation of a (FVG) candle on the 1-hour chart before taking action."
If you need further assistance or have any specific questions, feel free to ask!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.